Key events in the crypto world in the past 24 hours! A quick 1-minute overview of overnight market movements | December 23
TL;DR
Crypto markets fluctuated with BTC failing to break $90,000, while rumors of Trump's Fed nominee and Solana memecoin struggles emerged. New coins often drop below initial prices, and precious metals outperformed crypto this year.
Tags
1⃣ #BTC , #ETH , and #SOL surged and then retreated, continuing to fluctuate. BTC has failed to break $90,000 six times recently. US stocks rose slightly last night. Market sentiment is somewhat low.
2⃣ Rumor: Trump will announce his exact nominee for Federal Reserve Chair in the first week of January, with Hassett's odds of winning rising to 61% on Polymarket.
3⃣ Ignoring the "1M death law," the Sol chain's MEME large MC memecoin(#Snowball ) failed to break through 10M in market capitalization and fell back to 7.4M. On-chain MEME popularity has slightly rebounded.
4⃣ Hyperliquid has launched pre-market contracts for its on-chain contract project #LIT ( #Lighter ). LIT is currently priced at 3.96 USDT, with a market capitalization of nearly 4 billion USDT. The airdrop is expected on December 29th.
5. Statistics show that in 2025, new coins frequently experienced price drops below their initial offering price, with only 15% of projects having a lower FDV than during the TGE period. Heartbreaking.
6⃣Tom Lee is really tough. BitMine added another 98,000 ETH last week, bringing its total holdings to over 4 million ETH. However, ETHZilla cashed out more than $70 million, and some of their coffers couldn't hold up.
7⃣ Aave launched a vote amid internal strife to return brand assets to the DAO, with founder Stani buying 5.15 million USDT of AAVE to show his stance. However, AAVE is still down 10%.
8⃣ Gold hit a new high, with #PAXG on Binance rising to 4492, a 2.6% increase in a single day. Silver has risen 139% this year! Precious metals have completely outperformed cryptocurrencies this year.